COP28 Sets Goal to Boost Clean Energy, Phase Out Fossil Fuels‪ ‬ News Express

A Raft of Initiatives is emerging and getting launched at the ongoing U.N. climate summit, COP28, in Dubai aimed at boosting clean energy and reducing the world’s dependence on fossil fuels, details rolling out of the event show. One of the most widely supported initiatives is expected to lead to a cut in the share of fossil fuels in global energy production, and reduce the greenhouse gas emissions that are driving climate change. Wide support for the initiative is bolstered by its ambitious goal of tripling the world’s renewable energy capacity by 2030 leading to a huge cut in fossil fuels’ contribution to the world’s energy mix. The pledge to triple renewable energy capacity by 2030 was just one of many initiatives that have emerged at the COP28 summit aimed at decarbonising the energy sector and meeting the goal of net-zero greenhouse gas emissions by 2050. One of the key commitments was made by the European Union, the United States, and the UAE, which pledged to phase out unabated coal power by expanding the use of nuclear power, reducing methane emissions, and ending investment in new coal power plants